New Delhi: Finance Minister Nirmala Sitharaman has instructed Indian banks to bolster their operational and cybersecurity preparedness, especially in border regions, as tensions with Pakistan escalate. During a Friday meeting with financial sector leaders, she stressed the need for uninterrupted services and prioritized the safety of bank staff and their families. Senior officials from the…
Amid ongoing conflict with Pakistan, Union Finance Minister Nirmala Sitharaman on Friday asked banks to remain fully alert to deal with any crisis, and noted that the country’s banking and financial system remains robust and resilient. Sitharaman made the remark during a high-level meeting with the managing directors and CEOs of public and private sector…
Milan: India accords a high priority to the free trade agreement (FTA) with the European Union (EU), and a deal is achievable by the year-end given the shared urgency, finance minister Nirmala Sitharaman said on Tuesday. Speaking at a conference on ‘cross border collaboration for future resilience’ on the sidelines of the Asian Development Bank’s…
New Delhi: Finance minister Nirmala Sitharaman will lead the Indian delegation to the annual meeting of the board of governors of the Asian Development Bank (ADB), being held in Milan, Italy, from 4 May to 7 May, the ministry said in a statement on Sunday. During her visit, Sitharaman will hold bilateral meetings with her…
PPF news: Public Provident Fund investors are in for a good news this new financial year! From now on, you do not have to pay any fees if you want to update or modify your nominee details in your PPF account. The new PPF rule comes as part of some changes made in the Government…
New Delhi: With a strong rabi harvest expected, the government on Thursday decided to reimpose a 10% import duty on chana (bengal gram). The move marks an end to the duty-free import regime that was in place since May last year to ease domestic shortages and stabilize prices. The decision comes at a time when…
On 1 February 2025, India’s finance minister Nirmala Sitharaman presented her record eighth budget in Parliament. Her budgets have usually been characterized by three signature features: transparency, fiscal prudence and high capital expenditure (capex). However, in the 2024-25 and 2025-26 budgets, there is a visible tension between the latter two. Capex growth has been drastically…
New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the new Income Tax Bill, currently under review by a select committee, will be taken up for discussion in the upcoming monsoon session of Parliament. Speaking in the Lok Sabha during a discussion of the Finance Bill, Sitharaman said the select committee has been mandated to…
Budget 2025: BJP issues three-line whip for all Lok Sabha MPs, asking them to be present in Lok Sabha tomorrow, 21 March, for the passing of the budget. Further Lok Sabha has announced that the parliament will apply guillotine tomorrow. Lok Sabha Speaker Om Birla had in March 2023 applied guillotine to clear the Budget…
The number of gig workers in India are growing, whether they are drivers of autorickshaws, taxis or bikes, or those engaged in the delivery of food or groceries, or others working for e-commerce companies. The surge in job opportunities for gig-workers across sectors has led to an increase in government initiatives for their welfare. Also…
